Flipping - Where is it Good in the 'Hood?

[Andrew Schmidt]

Hello BP Community,

I am looking to get into the flipping industry in the Grand Rapids area. I would really appreciate some advice on where (or where not) to look for a good flip. We are working off a limited budget for the first flip and are attempting to determine what neighborhoods have a decent potential for profit without concerns of safety or destruction of property. What should I look for when deciding if a neighborhood is a good bet?

Greatly appreciate your advice,

Andrew

[Account Closed]

A wonderful website that I've come across is "Social Explorer" (www.socialexplorer.com) they've got a ton of map-based data that you can look through. You do need a subscription (though limited usage is free) and you can look at crime statistics, home prices, education, etc. When you look at this data on a map, it's easier to pick up on trends that can show you that "oh, hey, this neighborhood is cheap, but actually very safe despite being on the so-called wrong side of the tracks". 

However, I would assume that the numbers themselves; the house price, the renovation cost, etc are more important because they're totally inescapable. 

Good luck with the flip, hopes it works out great! I love Western Michigan, my cousin used to live in Grand Rapids!